Shanti Spintex Limited

Company Profile
Company Name Shanti Spintex Limited
Open Date 19-12-2023
Close Date 21-12-2023
Exchange BSE SME
Lot Size 2000 Shares
Issue Price ₹66 to ₹70 per share
Issue Size 44,64,000 Equity Shares
Application Amount ₹ 1,40,000
Recommendation Risk_Averse - Should Wait Risk_Seekers - Should Apply
Shanti Spintex Limited was originally incorporated in the year 2010 and has its registered office in Ahmedabad, Gujarat, India.The company is primarily engaged in the manufacturing and selling of denim fabrics. The company manufacture various types of denim fabrics such as power stretch spandex denim, knit denim, lightweight denim, rigid denim, over-dyed denim and flat finish 3/1 denim.The company’s production facility has the capability to produce grey fabrics in various designs such as twill weave, knit dobby weave, structure dobby weave, broken twill weave and satin weave.As of 30th November 2023, the Company had 72 employees on its payroll.
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Financial Summary in Lakhs

For the Period Ended Mar-21 Mar-22 Mar-23 Sep-23
Total Assets 11,926.8 13,631.3 17,588.3 17,457.3
Net Assets 4,136.1 4,622.7 5,603.9 6,122.3
Total Borrowings 4,278.8 4,868.6 4,177.6 3,474.4
Total Revenue 11,293.7 25,526.5 37,071.2 16,237.6
Profit After Tax 337.5 486.5 1,012.8 523.7

Tentative Timeline

Opening Date 19-12-2023
Closing Date 21-12-2023
Basis of Allotment 22-12-2023
Initiation of Refunds 26-12-2023
Credit of Shares to Demat 26-12-2023
Listing Date 27-12-2023

Objects of the Issue

To meet Working Capital Requirements.
General Corporate Purpose.

Contact Information

Registered Office Shanti Spintex Limited - Sub Plot 1, Unit 1, Survey No. 297, Dholi Integrated Spinning Park Limited, Dholi, Dholka, Ahmedabad – 382 240
Phone +91-98258 01039

Registrar Details

Name Kfin Technologies Limited
Phone 04067162222, 04079611000

IPO Reservation

Anchor Investor Shares Offered 12,72,000 (28.49%)
Market Maker Shares Offered 2,24,000 (5.02%)
QIB Shares Offered 8,48,000 (19.00%)
NII (HNI) Shares Offered 6,36,000 (14.25%)
Retail Shares Offered 14,84,000 (33.24%)
Total Shares Offered 44,64,000 (100%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 87.49%
Share Holding Post Issue (Promoters) 73.57%

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